First year renting Equipment/ what I made.

Summary

In this video, host Brandon provides an update on his equipment rental business, showcasing his fleet including the Kabota BX23S and U7 mini excavators, and a dump trailer. He discusses the hours worked, minor damages, and shares his experience with rental logistics and maintenance. Brandon also reveals his earnings, with October being his best month, and gives insights into starting a rental business, suggesting a skid steer as a valuable addition. He concludes by fixing a bumper on his BX23S, emphasizing the importance of equipment care.

Takeaways

• 🚜 The speaker, Brandon, discusses his equipment rental business and the types of equipment he rents out, such as the cabota BX23s with various attachments.
• 🔧 The cabota BX23s was purchased new and has accumulated 92 hours of use with minimal damage, except for a bent bumper caused by a renter.
• 🛠️ The older cabota U7, initially used for the business, has 53 hours of use and has been relatively well-maintained with minor damage like burn marks on the seat.
• 💰 Brandon shares his revenue figures for the past few months, highlighting that October was his best month with $2,500 from rentals and delivery fees.
• 📈 The most rented item was the Kabota U7 excavator, followed by the BX23s and the dump trailer, which was rented out less frequently.
• 🛠️ Brandon mentions the importance of maintaining equipment, such as greasing, and his plans to repair a flat tire on his dump trailer.
• 🔨 He advises starting with smaller equipment like a used trailer if one is looking to begin an equipment rental business without incurring significant debt.
• 🚚 The speaker uses a 2002 F250 truck to tow his equipment, which has high mileage and is in need of replacement in the near future.
• 🔩 Brandon plans to add a D-ring to the BX23s for better securing the equipment during transport and potentially for towing if needed.
• 💡 He discusses the challenges of keeping equipment clean during the muddy season and the need for better lighting in his workshop.
• 🗣️ The speaker acknowledges the difficulty of responding to all comments and questions from his viewers but promises to address them as best as he can.

Q & A

What is the main topic of the video?

The main topic of the video is an update on the equipment rental business, discussing the types of equipment rented, their usage hours, and the revenue generated from rentals and delivery fees.

What equipment does Brandon mention having purchased for his rental business?

Brandon mentions purchasing a cabota bx23s with a loader, quick touch, bucket, forks, rear tires, backo, adjustable thumb, 12-inch bucket, rubber pads for outriggers, and a three-point hitch.

How many hours has the cabota bx23s been used since its purchase?

The cabota bx23s has been used for about 92 hours since its purchase.

What incident of damage occurred to the cabota bx23s?

A renter damaged the bumper of the cabota bx23s by running something into it, bending it out of shape.

What is the condition of the old cabota U7 mini excavator?

The old cabota U7 mini excavator is in relatively good condition with 53 hours on it and minimal damage, despite having some burn marks on the seat and scratch marks.

What advice does Brandon give for starting an equipment rental business?

Brandon suggests starting with small equipment like a used equipment trailer and not going into debt for a big dump trailer, especially if starting with a small scale.

What is the current condition of the 2002 F250 truck used for towing?

The 2002 F250 truck is old and rusty, with over 200,000 miles, but it's still functional and has been modified with additional lights for night visibility.

What maintenance issue did Brandon encounter with his dump trailer?

Brandon found a nail in the sidewall of one of the dump trailer's tires, which caused it to go flat and required a patch on the inside.

How much revenue did Brandon make from his equipment rentals in September?

In September, Brandon made about $1,300 from rental and delivery fees.

What was the most rented item in October according to Brandon?

In October, the most rented item was the cabota bx23s, which coincided with Brandon's best month for revenue.

What is Brandon's plan for improving the security of his BX's bumper?

Brandon plans to remove the bumper, weld a D-ring onto it for better tie-down options, and then repaint it to match the original color.